Real Estate Investing News for June 2015

All the Real Estate News That’s Fit to RE-Print™

Welcome to our weekly edition of Real Estate Investing News This Week. Highlights this week include:
Real Estate Investing News


Homes Prices Rose by 6.8 Percent

According to CoreLogic® home prices nationwide, including distressed sales, increased by 6.8 percent in April 2015 compared with April 2014.

This change represents 38 months of consecutive year-over-year increases in home prices nationally.

Highlights as of April 2015:


Home Price Gains Ease in April

According to the S&P/Case-Shiller Home Price Indices data released onn June 30 for April 2015 show that home prices continued their rise across the country over the last 12 months.

“Home prices continue to rise across the country, but the pace is not accelerating,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.

“Moreover, consumer expectations are consistent with the current pace of price increases. A recent national survey published by the New York Fed showed the average expected price increase among both owners and renters is 4.1%.”



Home Builder Confidence Up 5 Points

Builder confidence rose five points to 59 from May’s reading on the National Association of Home Happy Construction WorkerBuilders/Wells Fargo Housing Market Index (HMI).

From Diana Olick:

“Sales of newly built homes in April (the latest reading available) were 26 percent higher than a year ago, according to the U.S. Census, and housing starts were 9 percent higher….

The median sale price of a newly built home in April was $297,300, an increase of 8.3 percent from April of 2014.”


254,000 Properties Regained Equity in Q1 2015

According to CoreLogic® 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 90 corelogic-report_cover_equitypercent of all mortgaged properties.

The total number of mortgaged residential properties with negative equity is now at 5.1 million, or 10.2 percent of all mortgaged properties.

Highlights as of Q1 2015:

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